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Personal Finance and Investing

bucolic_frolic

(48,661 posts)

1. I watch finance videos every night

Reply to question everything (Original post)

Wed Apr 21, 2021, 06:02 PM

Apr 2021

Some think this is millennials parking money via the new trading platforms such as RobinHood.

Some think these cryptos are the depository of all the Fed QE1-2-3 and whatever they're calling the current asset buying program.

Some are alarmed it doesn't have real ties to the real economy.

To me it's Tulip Mania, or silver mania 1980s. It is creating fantasy wealth and parking it in imaginary assets. It's the housing bubble again just as we have another housing bubble again. All these fake assets are bid up by money creation, and then the money creation creates its own money creation.

The real economy is energy and food.

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Dogecoin, Once a Joke, Moves Mainstream [View all] question everything Apr 2021 OP

I watch finance videos every night bucolic_frolic Apr 2021 #1